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DuPont Q2 net down; adjusted net beats estimate

NEW YORK (MarketWatch)
DuPont Co., the Wilmington, Del., chemicals and technology group, reported that second-quarter profit fell 3.2% and said it sees full-year adjusted earnings at the lower end of its current outlook range
The quarter's profit declined to $1.18 billion, or $1.25 a share, from $1.22 billion, or $1.29, in the year-earlier period
Adjusted earnings were $1.48 a share versus $1.37
Revenue rose 7.5% to $11.28 billion from $10.49 billion
A survey of analysts by FactSet Research produced consensus estimates of $1.46 a share of profit on $11.25 billion of revenue
DuPont said in a Tuesday statement that it expected full-year adjusted earnings to come in at the lower end of its current outlook, which is $4.20 to $4.40 a share, citing macroeconomic and currency uncertainties and a higher tax rate due to its mix of earnings
It earned an adjusted $3.93 a share in 2011
FactSet's 2012 estimate is $4.26 a share

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